Home › Forums › Financial Markets/Economics › Illegal Income Tax?
- This topic has 67 replies, 13 voices, and was last updated 17 years ago by greekfire.
-
AuthorPosts
-
November 25, 2007 at 9:54 AM #103467November 25, 2007 at 9:54 AM #103492AnonymousGuest
When the first taxes hit in the early 1900’s (ignoring the civil war taxes) the income tax was aim at the wealthy, plus the return was a size of a postcard! A straight flat tax. Now as we know you need advisor’s in both taxes and business to legally spread your wealth, increase deductions, and reduce your taxes. Add in the state cut (about 9%), sales tax, gas tax, etc. most middle class people hit about 40 – 50% in California.
One guy was mention in the press, gets over 80k in K-1 income from rentals, makes no salary so tax wise pays very little and qualified for the poor tax credit! Rather then avoid taxes he just played by the rules and beat the gov at their own game! The paper tried to make him look bad, heck I applauded the guy!
I know many people that tried the “pay no tax I am not a citizen” method, they cave in after a few years. When the IRS grabs your home, business or show up with guns and flak jackets to collect back taxes most people do cave. All true by the way as told to me by several people that tried it!
Better to learn the rules and work within the system. By the way, recent study I heard on the radio showed Brazil had the highest tax system of the world at 120% because so many people cheat and go underground. In Italy, the business taxes are so high you hire a legal rep every year just to negotiate with the government how much you need to legal pay.
In Australia (back when I was there 20 yrs ago, heard it has not change much) once you hit 30k you hit 50% tax right so everybody goes underground, cash only. You find American kids working as maids, cleaners, repairing highways in the hot sun since the locals don’t want to work (“get off the dole, mate”) since they make money not doing anything. They get paid to go to school, more if they stay on the dole and don’t pay tax!
And France where at age 30 you can retire at 80% of pay from the state and get another job!
So it is tough here but worse elsewhere!
mglsharkson
November 25, 2007 at 9:54 AM #103517AnonymousGuestWhen the first taxes hit in the early 1900’s (ignoring the civil war taxes) the income tax was aim at the wealthy, plus the return was a size of a postcard! A straight flat tax. Now as we know you need advisor’s in both taxes and business to legally spread your wealth, increase deductions, and reduce your taxes. Add in the state cut (about 9%), sales tax, gas tax, etc. most middle class people hit about 40 – 50% in California.
One guy was mention in the press, gets over 80k in K-1 income from rentals, makes no salary so tax wise pays very little and qualified for the poor tax credit! Rather then avoid taxes he just played by the rules and beat the gov at their own game! The paper tried to make him look bad, heck I applauded the guy!
I know many people that tried the “pay no tax I am not a citizen” method, they cave in after a few years. When the IRS grabs your home, business or show up with guns and flak jackets to collect back taxes most people do cave. All true by the way as told to me by several people that tried it!
Better to learn the rules and work within the system. By the way, recent study I heard on the radio showed Brazil had the highest tax system of the world at 120% because so many people cheat and go underground. In Italy, the business taxes are so high you hire a legal rep every year just to negotiate with the government how much you need to legal pay.
In Australia (back when I was there 20 yrs ago, heard it has not change much) once you hit 30k you hit 50% tax right so everybody goes underground, cash only. You find American kids working as maids, cleaners, repairing highways in the hot sun since the locals don’t want to work (“get off the dole, mate”) since they make money not doing anything. They get paid to go to school, more if they stay on the dole and don’t pay tax!
And France where at age 30 you can retire at 80% of pay from the state and get another job!
So it is tough here but worse elsewhere!
mglsharkson
November 26, 2007 at 12:45 PM #103638greekfireParticipantThe Boston Tea Party’s main theme was “no taxation without representation”. At the time, Great Britain was taxing the colonies and not giving them representation in Parliament. I think that a similar sentiment can be applied to the graduated income tax. The wealthy are taxed much higher than the poor and middle class and therefore get (or feel they deserve to get) a say in government that is commensurate to the amount of taxes they pay. I am nowhere near wealthy and I do not think it is right that some are taxed more than others. The wealthy are going to get theirs either way, and it is the poor and middle-class people, who cannot afford formal tax help, that end up losing out.
An earlier poster mentioned that the first tax returns were the size of a postcard. The Declaration of Independence, the document that freed our country, can fit into a shirt pocket. The IRS tax code, meanwhile, is over 40,000 pages and growing.
November 26, 2007 at 12:45 PM #103719greekfireParticipantThe Boston Tea Party’s main theme was “no taxation without representation”. At the time, Great Britain was taxing the colonies and not giving them representation in Parliament. I think that a similar sentiment can be applied to the graduated income tax. The wealthy are taxed much higher than the poor and middle class and therefore get (or feel they deserve to get) a say in government that is commensurate to the amount of taxes they pay. I am nowhere near wealthy and I do not think it is right that some are taxed more than others. The wealthy are going to get theirs either way, and it is the poor and middle-class people, who cannot afford formal tax help, that end up losing out.
An earlier poster mentioned that the first tax returns were the size of a postcard. The Declaration of Independence, the document that freed our country, can fit into a shirt pocket. The IRS tax code, meanwhile, is over 40,000 pages and growing.
November 26, 2007 at 12:45 PM #103732greekfireParticipantThe Boston Tea Party’s main theme was “no taxation without representation”. At the time, Great Britain was taxing the colonies and not giving them representation in Parliament. I think that a similar sentiment can be applied to the graduated income tax. The wealthy are taxed much higher than the poor and middle class and therefore get (or feel they deserve to get) a say in government that is commensurate to the amount of taxes they pay. I am nowhere near wealthy and I do not think it is right that some are taxed more than others. The wealthy are going to get theirs either way, and it is the poor and middle-class people, who cannot afford formal tax help, that end up losing out.
An earlier poster mentioned that the first tax returns were the size of a postcard. The Declaration of Independence, the document that freed our country, can fit into a shirt pocket. The IRS tax code, meanwhile, is over 40,000 pages and growing.
November 26, 2007 at 12:45 PM #103759greekfireParticipantThe Boston Tea Party’s main theme was “no taxation without representation”. At the time, Great Britain was taxing the colonies and not giving them representation in Parliament. I think that a similar sentiment can be applied to the graduated income tax. The wealthy are taxed much higher than the poor and middle class and therefore get (or feel they deserve to get) a say in government that is commensurate to the amount of taxes they pay. I am nowhere near wealthy and I do not think it is right that some are taxed more than others. The wealthy are going to get theirs either way, and it is the poor and middle-class people, who cannot afford formal tax help, that end up losing out.
An earlier poster mentioned that the first tax returns were the size of a postcard. The Declaration of Independence, the document that freed our country, can fit into a shirt pocket. The IRS tax code, meanwhile, is over 40,000 pages and growing.
November 26, 2007 at 12:45 PM #103781greekfireParticipantThe Boston Tea Party’s main theme was “no taxation without representation”. At the time, Great Britain was taxing the colonies and not giving them representation in Parliament. I think that a similar sentiment can be applied to the graduated income tax. The wealthy are taxed much higher than the poor and middle class and therefore get (or feel they deserve to get) a say in government that is commensurate to the amount of taxes they pay. I am nowhere near wealthy and I do not think it is right that some are taxed more than others. The wealthy are going to get theirs either way, and it is the poor and middle-class people, who cannot afford formal tax help, that end up losing out.
An earlier poster mentioned that the first tax returns were the size of a postcard. The Declaration of Independence, the document that freed our country, can fit into a shirt pocket. The IRS tax code, meanwhile, is over 40,000 pages and growing.
-
AuthorPosts
- You must be logged in to reply to this topic.